Topic: Question about withdrawing crypto. (Read 221 times)

This aggregator updates somewhat slower (on average every 8 minutes). Etherscan's gas tracker I think is much faster (updates every 3-10 seconds)
You can also monitor the current recommended gas prices at https://legacy.ethgasstation.info so you don't set the gas too low again.

I suppose you tried to send USDT ERC20 token from Kucoin to trustwallet and then to coinbase which was a very wrong choice because you are going to pay double fees which are insanely high.

What you should do next time is to transfer directly from Kucoin to Coinbase, and please use a network that requires low fees.

For example; This is the only fee you will have to pay to withdraw from Kucoin and deposit directly to your coinbase addresses and then you convert the coins back to your preferred coin, USDT


1. Avalanche (AVAX) - 0.01 AVAX (~0.65 USD) in fees
2. EOS - 0.1 EOS (~0.45 USD) in fees
3. XRP - 0.2 XRP (~0.2 USD) in fees
4. XLM - 0.02 XLM (~0.007 USD) in fees
5. LTC - 0.001 LTC (~0.19 USD) in fees

It's a noncustodial wallet, so support won't help

This applies to Bitcoin network, I don't think it applies to Ethereum network too

Looks like it did not go through and I did not lose the gas fees.

https://ethgas.watch/ seems to be useful. I'll just get more ETH and pay the higher fees, but I might as well wait until the weekend, if the fees might be slightly less then.

I didn't use ethereum and erc20 tokens for a long time, but as far as I can remember, if the transaction fee you chose is too low, the transaction will remain pending for a while then it will be rejected. You wan't lose your tokens but the gas fee will be consumed/lost.

The ethereum network is not suitable for transacting small amounts right now because of its high fees. Since you are using Trust wallet, I suggest you start using binance smart chain but always make sure you are sending to the right address.

Since you just wanted the profits to be moved as fiat then why have you done all these things? Your profits were eaten by the transaction and withdrawal fees on multiple occasions, if you are kind of person who move profits as Fiat then choose a local exchange where you can withdraw fiat to bank accounts for relatively cheaper fee.

Your coins wouldn't lost, if there's no miner confirm or validating your transactions your coins will came back to your own wallet usually around 2 weeks.

Trustwallet is non-custodial but it's closed source, it's a rare case they would revert the transaction however if @OP in hurry he could speed up the transactions by create new transactions with same nonce and higher fees [1]

I think he's using Trustwallet because using exchanges he doesn't have full control over his coins.

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[1] https://community.trustwallet.com/t/pending-stuck-transactions/126

A common mistake beginners make with exchange withdrawals is to choose a network option that fees less, while the destination exchange does not support that network.

As said above, your transaction is currently in the queue. So just wait for the next few days.
If you are not comfortable with ETH fees, you can first trade them for other coins with lower withdrawal fees such as TRX (lowest fee), BCH, or XLM(memo/tag required). And you don't need a trustwallet, so you save more on expenses.

OK, I moved the topic to "Service Discussion."

I tried transferring from KuCoin to Coinbase only once but it looked like nothing happened (I'm sure I did something wrong) so I assumed maybe that was not possible. But I guess at least I learned what a wallet was.

I had a Shiba Inu position, which I closed partially and that converted it to USDT, which I then transferred to TrustWallet. 

You should give a bit more information (nothing private, no worries ):

I understand that you can't (or don't want) transfer directly from KuCoin to your bank account, so you transferred your coins to TrustWallet with the idea to transfer to Coinbase and then to your bank. Is this right?

I guess the coin you want to transfer is an Ethereum-based token or stablecoin, that would explain that you need ETH to transfer fron Trustwallet to Coinbase. I understand also that your coins are now stuck on Trustwallet, and your transfer to Coinbase isn't going through.

Normally, if you wait some time and your transaction fee is only slightly below the current fee, your transaction should go through eventually. At weekends, often fees are lower, so it may make sense to wait until Sunday/Monday.

However, if it doesn't go through, then all depends on the seriousness of Trustwallet. I don't know them but they seem to be a centralized wallet provider. So in my opinion, if until Monday your transaction is still stuck, you should contact their support and they may try to revert the transaction. This can be done, but it may require manual action from them and so it's possible they charge a fee.

And yes, this thread should go into the subforum "Economy > Marketplace > Service Discussion" or even  "Alternate cryptocurrencies > Marketplace (Altcoins) > Service Discussion (Altcoins)", not in Bitcoin Discussion. You will probably get better support there.

Why was there so much hopping of your funds? For your profit, was it KuCoin ==> Trust Wallet ==> Coinbase? And then there was also Coinbase ==> Trust Wallet for your ETH gas. Why didn't you just directly transfer your funds from KuCoin to Coinbase? Why did it have to pass through Trust Wallet where you don't have sufficient funds for your gas?

Anyway, ETH fees are terribly high, but your money is not lost for as long as you put the correct address. You can check your pending transaction on https://etherscan.io/ or https://ethplorer.io/. The worst that could happen is that your transaction will be rejected and your funds returned to you.

Centralized exchanges have high fees. I'm afraid there's not much we can do about it except by converting your funds to altcoins with cheap fees first before transferring.

This is not a discussion about Bitcoin, by the way.

I'm completely new to crypto and am using KuCoin and CoinBase. Coinbase has annoying fees but it's bearable. However, the fees with withdrawing from KuCoin seem pretty insane for a small transfer.

I started out with a $500 profit that I wanted to transfer to my bank acct. Transferring to TrustWallet cost $33. Then, it wouldn't let me transfer it to CoinBase without Eth. So I bought $40 worth of ETH in Coinbase and transferred it to TrustWallet, which brought it down to $26 worth of ETH.

The gas fees were $50-$60, so I adjusted the GWEI, I think down to 61, and paid about $25 for gas fees. Of course, it's still pending.

Can anyone tell if the money is now lost because I paid such a low fee or if it will eventually go through. Either way, I don't think I'll be using KuCoin until I figure out a way to do this without spending so much on fees.